Widespread food waste, lack of supply chain coordination, the need for robust traceability systems and limited empirical research on blockchain’s real-world benefits all pose significant hurdles for the global food industry to overcome. This research delves into the application of blockchain technology within a food supply chain to tackle the widespread issue of food wastage and enhance overall operational efficiency. Moreover, the paper explores the potential advantages, managerial implications and constraints associated with blockchain-enabled traceability systems in the food industry.
By utilizing a discrete event simulation model, the study investigates how blockchain-based information-sharing impacts food waste reduction, resource utilization and costs within a complex five-tier supply chain network.
The findings not only aid in optimizing decision-making processes but also in enhancing the information-sharing infrastructure, ultimately benefiting both consumers and food suppliers.
The simulation-based analysis provides practical insights for food industry managers and government officials seeking to improve their information-sharing systems, leading to enhanced food quality, customer satisfaction and brand image. In essence, this research contributes to optimizing decision-making in the food industry sector, benefiting both customers and providers.
